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Audit Query

CA. Abhishek K. Pandey (Manager (Advance)) (901 Points)

17 October 2010

Can an auditor who is the partner of a chartered firm, can take up an audit in his personak capacity?

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4 Replies

Sunshine (Helping All) (10575 Points)
Replied 17 October 2010

yes he can...

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Sunshine (Helping All) (10575 Points)
Replied 17 October 2010

but in his ceiling limit u/s 214(b) will include both the audits in personal capacity as well as in the firm's partner capacity..

CA. Abhishek K. Pandey (Manager (Advance)) (901 Points)
Replied 17 October 2010

Thanks Sneha. And yes.......... if someone know, the changes in Business Law, then please tell me. I have a 2 year old book, so any update from then?????

CA. Abhishek K. Pandey (Manager (Advance)) (901 Points)
Replied 18 October 2010

Two more questions: 1. Are Govt. audits counted for the purpose of Ceiling on no. of audits? 2. All the Company auditor appointment procedure which we are learning in our PCC is of Statutory Auditor na??